On September 27, GRATA attended the EGLA Annual Partners Conference
Within the conference, GRATA partner and Head of Beijing office - Gulnur Nurkeyeva and partner of the office of GRATA in Ulaanbaatar - Bolormaa Volodya joined the participants of the round table, the theme of which was the projects included in the initiative "One Belt, One Road". The effectiveness of the presence of representative offices of Chinese law firms in Central Asian countries was also discussed.
Parliament of Mongolia had adopted the Law on the Legal Status of Foreign Nationals on 08 July 2010. According to this law, the government has enacted appendixes of Resolution No145 on the Procedure of Issuance of Mongolian visa and Resolution No146 on Residence and Registration of foreign nationals in Mongolia in 2018 for regulating visa and residence permit related relations.
The Parliament of Mongolia adopted tax reform package including the General Tax Law, Law on Corporate income tax, Law on Value added tax and Law on Personal income tax which shall take effect on 1 January 2020.
The Government of Mongolia submitted a tax reform to the Parliament in 2018 including revisions to the General Taxation Law (GTL), the Corporate Income Tax (CIT) Law, the Value Added Tax (VAT) Law and Personal Income Tax (PIT) Laws. During the irregular session held on 22 March 2019, the Parliament passed the package of the revised tax laws which will be effective from 01 January, 2020.
A copyright is a legal device that gives the creator of a literary, artistic, musical, or other creative work the sole right to publish and sell that work. Copyright owners have the right to control the reproduction of their work, including the right to receive payment for that reproduction.
In the third year, the "Lawyers Forum-2019" was held by Mongolian Bar Association on June 13, 2019, at the Corporate and Convention Centre under the motto "The Role and Participation of Lawyers in Legal Reform". Bolormaa Volodya, Partner of GRATA International in Mongolia has attended to the Forum.
The issue of a corporate governance started to receive attention in Mongolia since the year 2000, and it is viewed that development of corporate governance in our country is important for creation of appropriate conditions for sustainable and proper management and organisation of companies, in particularly of publicly listed companies, so that trust bonds between shareholders and companies is maintained and ability of companies to attract investment is improved.
Let us introduce you this 'Doing Business in Mongolia' publication prepared by associate office of GRATA International law firm in Mongolia. The information in the brochure is based on theoretical and practical information available as of April 2019. The content of this brochure is intended for foreign businessmen and companies seeking to do business in Mongolia, incentives and support measures for investors.
Arbitration is the formal alternative to litigation resettlement. In this process, the disputing parties present their case to a neutral third party or arbitrator, who renders a decision. Arbitration is generally considered a more efficient process than court because it is quicker, less expensive, and provides greater flexibility of process and procedure.